Karnika Industries Ltd
Incorporated in 2017, Karnika Industries Ltd manufactures and deals with ready-made garments for children[1]
- Market Cap ₹ 1,002 Cr.
- Current Price ₹ 202
- High / Low ₹ 213 / 45.6
- Stock P/E 55.6
- Book Value ₹ 11.4
- Dividend Yield 0.01 %
- ROCE 24.2 %
- ROE 29.0 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.3%
Cons
- Stock is trading at 17.6 times its book value
- Company has high debtors of 158 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Textiles Textiles & Apparels Garments & Apparels
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 47 | 98 | 124 | 126 | 173 | |
| 45 | 89 | 109 | 108 | 147 | |
| Operating Profit | 2 | 10 | 15 | 18 | 26 |
| OPM % | 4% | 10% | 12% | 14% | 15% |
| 0 | 0 | 1 | 1 | 4 | |
| Interest | 1 | 2 | 5 | 5 | 4 |
| Depreciation | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 1 | 7 | 11 | 14 | 24 |
| Tax % | 35% | 37% | 26% | 26% | 25% |
| 1 | 5 | 8 | 10 | 18 | |
| EPS in Rs | 1.80 | 1.63 | 2.91 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | 36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 58% |
| TTM: | 79% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 301% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 31% |
| Last Year: | 29% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.00 | 0.00 | 9 | 12 | 12 |
| Reserves | 4 | 19 | 9 | 41 | 59 |
| 16 | 22 | 52 | 52 | 60 | |
| 11 | 18 | 28 | 15 | 23 | |
| Total Liabilities | 31 | 59 | 98 | 120 | 155 |
| 1 | 1 | 2 | 5 | 7 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 9 |
| 30 | 58 | 96 | 115 | 138 | |
| Total Assets | 31 | 59 | 98 | 120 | 155 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -6 | -15 | -11 | -6 | 4 | |
| -0 | -0 | -1 | -4 | -18 | |
| 7 | 15 | 14 | 20 | 4 | |
| Net Cash Flow | 1 | -1 | 2 | 10 | -10 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 129 | 100 | 118 | 148 | 158 |
| Inventory Days | 99 | 123 | 287 | 268 | 191 |
| Days Payable | 93 | 68 | 151 | 75 | 80 |
| Cash Conversion Cycle | 135 | 154 | 254 | 342 | 269 |
| Working Capital Days | 24 | 66 | 42 | 109 | 116 |
| ROCE % | 31% | 29% | 21% | 24% |
Documents
Announcements
-
Resignation of Independent director
29 August 2025 - KARNIKA INDUSTRIES LIMITED has informed about Resignation of Independent director.
-
Cessation
29 August 2025 - Appointment of Suraj Kumar Singh as additional independent director; Shashikant Soni resigned; committees reconstituted (29 Aug 2025).
-
Appointment
29 August 2025 - Suraj Kumar Singh appointed independent director; Shashikant Soni resigned; committees reconstituted from 29 Aug 2025.
-
Outcome of Board Meeting
29 August 2025 - 29 Aug 2025: Suraj Kumar Singh appointed Independent Director; Shashikant Soni resigned; committees reconstituted.
-
Record Date
22 August 2025 - 4:1 bonus shares; record date Aug 29, 2025; allotment Sep 1; trading Sep 2, 2025.
Business Overview:[1][2]
a) KIL is an ISO 14001:2015 certified manufacturing and trader of readymade garments for Babies, Boys and Girls and dress materials with its main products being Tops, Dresses, Denims, Leggings, Skirts and Ponchos
b) It manufactures products through job work.
c) Company does designing, preparation of sample, quality inspection, ironing and packing of garments